New Delhi: Supreme Court of India Directed Sahara Chief Subrata Roy To deposit Rs 1500 Crores In the SEBI (Stock Exchange Board Of India)-Sahara Refund account by September 7th ! The Sahara chief, who has spent almost two years in jail and is out on parole since May 6 last year, was arrested for Sahara group’s failure to return the money of investors.
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| Sahara Chief Subrata Roy |
The Supreme Court had, earlier this month, asked Roy to pay Rs 552 crore to the Securities and Exchange Board of India by July 15 or face consequences.
The court had further noted that it had given Roy enough opportunities in the past to pay up but he was only paying in fractions. The bench suggested that he sell his prestigious Aamby Valley property and make good the amount. “The principal amount he has to pay is Rs 9,000 crore. At this rate of Rs 400-500 crore, it will take a lifetime. Sell Aamby Valley. Finish it,” said Justice Ranjan Gogoi.
Source: Times of India
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